IMPORTANT LEVEL FOR NIFTY FUT IS 11515. As long as it stays above this, I'm bullish. If price closes below on a weekly bases, my view for nifty turns bearish.
Abrxhamtk
ACHIEVED BOTH TARGETS IN BAJAJ FINANCE!Call Writers/Put Buyers surely made some good money after 12th October :)
I had given these levels before it even happened. Kindly crosscheck with Trading View ideas published.
ALSO WATCH THE PRICE ACTION AT BOTH THE LEVELS. LOOK AT THE HOW PRICE REACTED TO THE LEVELS AFTER 12TH OCTOBER. THIS IS REAL PRICE ACTION.
YOU WONT BE ABLE TO INTERPRET WITH RETAIL UNDERSTANDING. SO KINDLY FORGET ALL RETAIL PRICE ACTION IN ORDER TO BE AMONG THE 5%.
NIFTY BREAK IN STRUCTURE - RETRACEMENT DUE.After purging stops midday, nifty showed a v shaped reversal. My view is nifty should retrace back to the green zone and manipulate to the upside taking liquidity before downfall.
Disclaimer: I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
RETAILERS PUSHED OUT AND NOW PREPARING FOR BEARISH RUNAs you can see clearly , Institutions have gone to take out for liquidity and is now showing signs of reversal. Red line is the resistance and price should fill it before turning bearish. Blue lines are take profit lines.
Disclaimer: I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
